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FBI Campaigns against Online Casino Betting

The Indianapolis Colts and the Chicago Bears are not alone. The anti online casino campaign, which was adopted as official legal policy by the United States authorities since the Unlawful Internet Gambling Enforcement Act was passed in October, has also reached the Superbowl. It is commonly believed that if the American authorities had a word on the matter, all bets surrounding the Superbowl and carried out over the many online casino sites would be off. The days and weeks before the big event in South Florida saw large scale operations carried out by the FBI’s organized crime unit.

The large scale crackdown by the FBI is considered very aggressive. The attempt to enforce a law that goes against online casino betting, which enjoys popularity among large sections of the American people, was surprising in its scope. As American online casino bettors were preparing their bets for the single largest event in online casino gambling of the year, spending a total of $5 billion on the game, the FBI served indictments against executives at online casino sites that specialize in sports betting, as well as taken legal actions against foreign businessmen involved in the industry, mostly in the payment processing companies.

Naturally, the online casino world is upset by these actions. This goes for the executives and the gamblers alike. But additionally, the US approach has been criticized by legal experts. “This escalation or, no, we should say surge, in this war of intimidation Justice is waging right now really has had an effect,” said the often quoted online casino law expert, Professor I. Nelson Rose of Whittier Law School in California. The Justice Department insists on its stand that online casino sports betting violates the law. They did not blink as they saw billions of dollars leave the country in the great exodus of online casino operations following the passing of the law, and now upsetting many sports bettors. As the money flees, legal questions still remain.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.